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Lahore Real Estate Forum: Property News & Community Talk : ,

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   aref
Monday, November 17, 2008 12:53 PM 
Reply: >
Dear CMY Saheb,

I have a budget ranging between 30 to 40 lakh Rupees only for a residential plot to make a home.The payment would be made lumpsum in cash.

I intend to buy at least one kanal (500 Yards) land in recently developed (or where the development is near completion in few months' time) in DHA lahore from Phase 5 till 8 for immediate construction.

I am interested in a plot not file.

Also the plot should be in possesion area.

The plot should not be near Graveyard or in front of Mosque or adjoining mosque but it should not be very far from Mosque. There is not any condition for street size but it should not fall in the narrowest street in that sector/block. The adjoining plots should be of same size and category i.e one canal.

Please identify which sector(s)/Block(s) of DHA Lahore fall in this price range of 30-40 Lakhs per canal.

Also please provide few options/offers with confirmed plot numbers and other details of sectors/blocks for my consideration.

Thanks and regards.
wwwww replied on Monday, November 17, 2008 03:42 PM 

buy in Bahria Town Sector C
wwwww replied on Monday, November 17, 2008 03:46 PM 

your budget is too small even for a 10 marla plot in the ready to construct phases of DHA Lahore
aref replied on Monday, November 17, 2008 05:37 PM 

Yes my budget is limited but still there may be few possibilities. Friends, Experts and CMY may offer a good opportunity or advice.
aref replied on Monday, November 17, 2008 05:41 PM 

After all this forum and the website has been helful in guiding and providing good advice and solutions to thousands if not millions person worldwide. Credit goes to CMY Saheb and his team for this remarkable service, which has no parrelel in our real estate sector.
wwwww replied on Monday, November 17, 2008 06:09 PM 

u know in the US if we go to a 5 star hotel and order a cheese burger it costs from $20 to $30 and if we go to Macdonald's we get almost the same burger for 3 dollars, the same thing is happening in Pakistan. The prices of plots moving artificially in small societies upsets us so much that we don't invest in them. DHA 7 is just like that but on a much bigger scale and is covered with icing sugar to make it more attractive to the poor people who get stuck in it.
aref replied on Monday, November 17, 2008 07:13 PM 

One has to eat something, with or without icing suger, to live. We need shelter for our families and DHA may be a lessaer evil if all are evils.
wwwww replied on Monday, November 17, 2008 07:31 PM 

DHA has its shares of evils, its just not stated or talked upon and thats why we are not aware of them like DHA dose not have full possession of land in Phase 7 and they are not conducting the ballot of 5 ext and DHA 8. people who bought DHA files recently 6 months ago for 45 lac dha 8 and 20 lac 9/10, and if they had invested in a developed plot in any other society, if not anything the rates would have not gone down this much. If we talk about ready for construction phases like phase 6 there is and wont be any serious population for another 5 years and if DHA 6 was so strong and population friendly it rates would not have gone down with the same ratio of Phase 7. Just my thoughts :)
aref replied on Monday, November 17, 2008 10:51 PM 

Thanks for your valued opinion and realistic thoughts. Please enlighten which blocks of phase 7 are being developed these days and at what pace and stage. Also please confirm which blocks of phase 7 have not been possessed by the DHA so far and what are the hitches and causes for not having full possession in those pockets. How long it will take them to have full possession, eventaul development and final handing over to the owners for construction in various blocks.
aref replied on Monday, November 17, 2008 11:02 PM 

I believe that your analysis is from the investment point of view, whereas I need a plot to construct and live in DHA sooner than later. Budget is a constraint but most of us face similar limitations in life but try to get best value for our hard earned cash.

Kindly provide a sector wise analysis of price, development/possession status and time frame for handing over by the DHA to the owners to help me reach any decision in the given amount.
are replied on Monday, November 17, 2008 11:05 PM 

May I also request CMY Saheb and other friends to come up with some concrete suggestions and offers with regard to my post.
Sheraz replied on Tuesday, November 18, 2008 12:02 AM 

aref,

I agree with your DHA approach. We have a family property in phase 3 Z block opposite pot puri and I have lived there for last 16 years. The bottom line is that the quality of life is just amazing there. You literally donot have to go to Fortrus/Liberty anymore if you chose to live in a developed area of DHA. I am in Sydney for last 4 years and also lived in States for 2 years, but I still say that I have enjoyed my life the most in Lahore and a lot of credit goes to DHA in that.
My suggestion to you according to your budget is to go for DHA-5 10 marla plots which is a developed phase and ready for possession. CMY suggest that too. You should be able to find a 10 marla plot in about 45 lac there. This would appreciate much quicker as compared to other phases and also developed first too which is your main concern so you can construct a house on it. My honest advice is that DONOT settle for 1 kanal in any other society because it took DHA good 25 years to produce the best commercial area in Lahore, can you imagine how much time will it take for anyother society to do the same what DHA did. Wish u all the best in your plot hunting. Also call CMY it is quicker than the forum. I do that all the time.
wwwww replied on Tuesday, November 18, 2008 03:45 AM 

There has been an argument ging on between DHA and a very strong and influential family I think from Sahiwal foe 2 years. They still own pockets of 20-30 kanal in P, V, W and Q blocks of Phase 7. I do not know the status of development in Phase 7 right now but it should have developed quit a bit since my last visit. DHA is the best place to live in Lahore, only if you are building a house in a properly developed and populated Sector or Phase and for that due to budget problems we need to hold for a long time. I think 95% of the people living in Phase 3 bought there plot 10 years ago or even built there homes 10 years ago when the rates were very , only a handful of people actually bought these plots at these prices for construction.
wwwww replied on Tuesday, November 18, 2008 03:48 AM 

that is y i sagested BT because it is developed and populated and has a very good standard of living equal to or even more than DHA.
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